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Embarrassing setback?

AP: ‘Embarrassing Setback’ for Obama on Job-Creating Trade Agreement With S. Korea - By Erica Werner, Associated Press

Seoul, South Korea (AP) - President Barack Obama said Friday the global economy is "back on the path to recovery," although he and his G-20 summit partners must work further to resolve differences over trade and currency issues.

While Obama talked optimistically about world economic prospects, he cautioned that "we risk slipping back into the old imbalances which created the economic crisis in the first place." He said that "the 20 major economies gathered here are in broad agreement on the way forward."

 
Anonymous

Asked by Anonymous at 8:50 AM on Nov. 12, 2010 in Politics & Current Events

This question is closed.
Answers (3)
  • No, just a typical failed trip for Obama. Once again the world is not bowing at his feet. He is selling a few planes to India though, so all is not lost. LOL
    itsmesteph11

    Answer by itsmesteph11 at 9:13 AM on Nov. 12, 2010

  • We had an agreement that had basically been agreed to but Obama wanted to "tweak" it. Through a slip up, it was presented to Korea at the last minute, so they rejected it. So now we have nothing. I guess he still think he can get things done by his charm. Another great Obama decision.
    SweetLuci

    Answer by SweetLuci at 9:41 AM on Nov. 12, 2010

  • The president said that means keeping the focus on "balanced and sustained growth" across the globe. He said that "countries with large surpluses must shift away from unhealthy dependency on exports" and said that exchange rates "must reflect economic realities."

    http://www.cnsnews.com/news/article/ap-embarrassing-setback-obama-job-creati

    Anonymous

    Comment by Anonymous (original poster) at 8:50 AM on Nov. 12, 2010

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